Much of the securitization universefrom auto loan deals to commercial-mortgage backedsuses whats known as the swaps curve to price floating-rate deals. Before 2000, Treasurys were the go-to benchmark. Pricing movements are causing some to ask whether the market should go back.
J.G. Wentworth XXXIV LLC Series 2015-3 is backed by a portfolio of mostly court-ordered structured settlement payments (93.19%), annuity receivables (4.37%) and lottery receivables (2.44%).
Defendants in a high-profile case have petitioned the Supreme Court to review a ruling that has put online marketplace lenders in danger of violating usury laws in three states. But should the court affirm the ruling, then they might have to lower rates in states across the country instead of in just three.
Diamond Resorts Owner Trust 2015-2 issued two tranches of notes with investment grade ratings from Standard & Poors: $159.38 million of AA- rated notes pay 2.99% and $20.62 million of A- rated notes pay 3.54%.
HERO Funding Trust 2015-3 is collateralized by PACE bonds issued by the County of Los Angeles, in addition to the Western Riverside Council of Governments' and San Bernardino Associated Governments.
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.
Firm: Broadmoor Consulting LLC
In the news: Marketplace Lenders Are a Systemic Risk
As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.Current Issue